Cause and effect diagrams, also known as fishbone diagrams, are useful for showing the causes of risks. Flow charts show how elements of a system interrelate. Influence diagrams show causal influences, time ordering of event, and other relationships among variables. Tornado charts are bar charts, not to be confused with tornado diagrams.

Risk management is time consuming and consequently costly but it is often more costly to rush forward without considering risk, because when the unexpected happens, we have to react, which...

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